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Deductions & credits
Yes, and I added the land cost back in to the figure I input. Just double-checked it all in "asset summary." Entered cost basis as 571176 (purchase price -depreciation + new roof and kitchen) and 227915 so that 343261 is clearly the adjusted cost basis. However, when I check form 4562, line 19h says 257,926 is the "basis for depreciation."
March 17, 2021
5:34 AM